The building materials sector has bright prospects going forward boosted by a rise in construction activities from the implementation of the Ninth Malaysia Plan (9MP) projects. Lafarge Malayan Cement Bhd and Cement Industries of Malaysia Bhd were two of the local stocks to watch as potential beneficiaries of the 9MP.
The sector also received a boost when the Government adjusted the ceiling price of cement last December. In addition, the automated pricing mechanism to take effect from Jan 1 is expected to provide further upside to cement prices.
